The Ministry of Housing and Urban Affairs has finalised the Model Tenancy Law aimed at giving a push to rental housing and it will be placed before the Cabinet for approval soon.
“The government will also bring out detailed guidelines on Affordable Rental Housing Complexes (ARHC) for urban poor a
The Ministry of Housing and Urban Affairs has finalised the Model Tenancy Law aimed at giving a push to rental housing and it will be placed before the Cabinet for approval soon.
“The government will also bring out detailed guidelines on Affordable Rental Housing Complexes (ARHC) for urban poor and migrants. I hope that within this week I would be in a position to take it (Model Tenancy Law) to the Cabinet. I am hopeful that in the next 15 to 20 days we would be sending it to the states to pass it into law,” Housing and Urban Affairs Secretary Durga Shanker Mishra said
He hoped that all states would adopt the model legislation, which would go a long way in making the rental housing segment transparent and accountable. As per Census 2011, there are 1.1 crore homes lying vacant in the country. The Model Tenancy Law would take care of the houses that are lying vacant today.
The government came out with the draft model tenancy law last year that proposes to establish an independent authority in every state and Union Territory for registration of tenancy agreements and even a separate court to take up all tenancy-related disputes.
The scheme is targeted at migrant labourers and the urban poor employed in the industries, service sector and manufacturing sector and would provide planned housing close to their workplace in industrial as well as in non-formal urban sectors. The government will launch the scheme under PMAY(U) to provide ease of living at an affordable rent by either using existing housing stock as ARHCs or incentivising private/public agencies for construction of ARHCs.